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I • Y r �b 7 . c -�- ScRV : Ccs 'ST PETERS HUMAN . you would no longer be classi ` ied as a section 509 ( a ) ( L ) organ i : Ation . Donors may deduct contributions to you as provided in section L70 of the Cade _ Bequests , legacies , devises , transfers , or gifts to you or for your use f are deductible for federal estate and gift tax purposes if they meet the Applicable provisions of Code sections 2055 , 2106 , and 252' . E t CCntriouticn deduCtions are allowable to donors only to the extent that their contributions are gifts , with no consideration received . Ticket pur - chases and similar payments in conjunction with fundraising events may not i necessarily qualify as deductible contributions , depending on tie circ..*- i stances . See Revenue Ruling 67 - 246 , published in Cumulative Bulletin 1967 - 2 , j an page 104 , which sets forth guidelines regarding the deductibility , as Chari - table contributions , of payments made by taxpayers for admission to or other participation in fundraising activities for charity . i In the heading of this letter we have indicated whether you must file Fors 990 , Return of Organization �. xeept From Income Tax . If Yes is indicated , you are required to file Fora 990 only if your gross receipts each year are normally more than $ 25 , 000 . However , if you receive a Fora 990 package in the mail , please file the return even if you do not exceed the gross receipts test . If you are not required to file , simply attach the label provided , check the box in the heading to indicate that your annual gross receipts are normally 5249 , 000 or less , and sign the return . If a return is required , it - oust be filed by the 15th day c -44thefifth month after the end of your annual accounting period . A penalty of S20 a day is charged when a return is filed late , unless there is reasonable cause for the delay . However , the maximum penalty charged cannot exceed SLO , 000 or 5 percent of your gross receipts for the year , whichever is less . For organizations with gross receipts exceeding 51 , 000 , 000 in any rfaar , the penalty is 5100 per day per return , unless there is reasonable cause for the delay . The maximum penalty for an organization with gross receipts exceeding ; 1 , 000 , 000 shall not exceed 150 , 000 . This penalty may also be charged if a return is not complete , so be sure your return is complete before you file it . You are required to make your annual return available for public inspection for three years after the return is due . You are also required to make available a copy of your exeoption application , any supporting documents , and this exemotion letter . Failure to make these documents available for public inspection may subject you to a penalty of . S20 per day for eacn day there is a failure to comply ( up to a maximus of 5101000 in the case of an annual return ) . You are not required tc file federal income tax returns unless you are subject to the tax on unrelated business income under section 511 of the Cade . If you are subject to this tax , you must file an income tax return on Fora 990 - Texempt Organisation Business Income Tax Return . In this letter we are , not deteraininq wnetner any of your present or proposed activities are unrt- lated trade or business as defined in section SLS of tae Code . Le : ter 941 ( DO / Cori )